Liberty Latin America (NASDAQ:LILAK) Posts Quarterly Earnings Results

Liberty Latin America (NASDAQ:LILAK) issued its earnings results on Wednesday. The company reported ($0.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($1.05), Zacks reports. Liberty Latin America had a negative net margin of 13.02% and a negative return on equity of 27.22%.

Liberty Latin America Stock Performance

Shares of NASDAQ:LILAK traded up $0.12 during midday trading on Wednesday, reaching $7.15. 1,419,953 shares of the company traded hands, compared to its average volume of 792,708. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.31. Liberty Latin America has a 12 month low of $5.88 and a 12 month high of $10.93. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of -2.44 and a beta of 1.02. The firm’s fifty day moving average price is $6.59 and its two-hundred day moving average price is $8.10.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LILAK shares. The Goldman Sachs Group lowered their target price on Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating on the stock in a research note on Wednesday, December 4th. Scotiabank decreased their price objective on Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating on the stock in a research note on Friday, November 8th.

Insider Activity at Liberty Latin America

In other Liberty Latin America news, Director Brendan J. Paddick purchased 35,475 shares of the stock in a transaction on Tuesday, November 26th. The shares were purchased at an average price of $7.04 per share, with a total value of $249,744.00. Following the acquisition, the director now directly owns 1,273,443 shares in the company, valued at approximately $8,965,038.72. The trade was a 2.87 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders have purchased 156,298 shares of company stock worth $1,043,886. 9.66% of the stock is owned by company insiders.

About Liberty Latin America

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.